The Hair Care market in Finland was valued at 40.244 million Euros in 2023, demonstrating a year-on-year variation of 3.63%. Over the last two years, the market saw a steady recovery with a 2.29% increase in 2022 followed by another growth in 2023. Considering the longer-term trends, the market experienced fluctuations with notable drops in 2014 and 2020, but an overall upward trend is observed from 2017 onwards. This is reflected in a last-5-years Compound Annual Growth Rate (CAGR) of 0.52%.
Future trends to watch for:
- Forecasts predict a modest growth trajectory with a 5-year CAGR of 0.56%, leading to a market value of 41.693 million Euros by 2028.
- Sustainability and organic product trends may influence consumer preferences.
- Technological advancements in product formulations and personalized hair care solutions could foster market expansion.